News came from relevant department that the Four Seasons Shopping Mall from Hong Kong will enter Qingdao in 2011. Yongchang Group, the development company, has signed a contract with the Four Seasons Group of Hong Kong.

Qingdao now has three Hong Kong-owned shopping malls--Lifu International, Damuzhi Square and Four Season, the fisrt one was purchased and the second has been under construction. The Damuzhi Square will be completed in 2012

The Four Seasons Shopping Mall will be located in Jimo World Trade Building, which is part of the World Trade Business Center project.

In the first quarter of 2010, there were 30 newly approved business retail projects with a contract value of $97.57 million, an increase of 30 times year-on-year compared with last year.

By Audrey and Yan Li